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1 PLANNING COMMISSION MEETING <br /> AUGUST 18 , 1992 <br /> PAGE 7 <br /> 4 <br /> 5 <br /> 6 The City Manager stated that this project will do three <br /> 7 things ; vitalize the shopping center, expand the tax base and <br /> 8 afford the City an opportunity to address the issue of <br /> 9 cleaning up the water quality <br /> 10 <br /> 11 The City Manager received a letter from the owner of Apache <br /> 12 Plaza, C.G. Rein Company, which stated the firm will do <br /> 13 whatever is expected by the Rice Creek Watershed District . He <br /> 14 felt this would afford the City an opportunity to control <br /> 15 water flow from the shopping center . A holding pond is being <br /> 16 included in the plans of the project . <br /> 17 <br /> 18 Chairperson Faust cautioned that long term considerations <br /> 19 should be looked at for Silver Lake and its water quality. <br /> 20 <br /> 21 Commissioner Murphy again stated his concern if the City is <br /> 22 placing the highest and best use on this land or just doing <br /> 23 what is expedient . <br /> 24 <br /> 25 Dennis Cavanaugh, a St . Anthony resident , felt the City should <br /> 26 seek other opinions regarding the use of this property and the : <br /> land. He suggested that some consideration should have been <br /> given to developing it as residential . <br /> 29 <br /> 30 Chairperson Faust felt the taxes realized from a residential <br /> 31 development would be considerably less than those which would <br /> 32 be received from a commercial development . <br /> 33 <br /> 34 The City Manager noted that a developer would have to pay <br /> 35 twelve million dollars for the land alone. The highest and <br /> 36 best use would be industrial but this is unlikely to be <br /> 37 viable. <br /> 38 <br /> 39 The City Manager feels the potential for success of this <br /> 40 shopping center is very good with a super market as its <br /> 41 anchor. It would attract other interested businesses . He also <br /> 42 felt that the number of patrons shopping at the super market <br /> 43 will positively affect the other stores in the shopping <br /> 44 center. He noted that grocery stores have undergone a dramatic <br /> 45 change, going from very small neighborhood stores to <br /> 46 warehouse-type stores . <br /> 47 <br /> 48 A resident inquired if the placement of the City' s liquor <br /> 49 store has been determined yet . The City Manager stated it will <br /> 50 be located where the City Council wants it . <br />